HOLLYFRONTIER CORPORATION (successor-in-interest to Frontier Oil Corporation), as Issuer, THE GUARANTORS NAMED HEREIN and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee THIRD SUPPLEMENTAL INDENTURE dated as of July 1, 2011 to Indenture dated as of...
Exhibit 4.2
HOLLYFRONTIER CORPORATION
(successor-in-interest to Frontier Oil Corporation),
(successor-in-interest to Frontier Oil Corporation),
as Issuer,
THE GUARANTORS NAMED HEREIN
and
XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as Trustee
dated as of July 1, 2011
to Indenture dated as of September 17, 2008
Providing for Issuance of
8.5% Senior Notes due 2016
This THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”), dated as
of July 1, 2011, among HOLLYFRONTIER CORPORATION, a Delaware corporation and successor-in-interest
to Frontier Oil Corporation (the “Company”), the Guarantors and XXXXX FARGO BANK, N.A., a
national banking association, as Trustee (the “Trustee”), under the Indenture, dated as of
September 17, 2008, as supplemented by the First Supplemental Indenture, dated September 17, 2008
and the Second Supplemental Indenture, dated May 26, 2011 (collectively, the “Indenture”).
Capitalized terms used herein and not otherwise defined shall have the meaning assigned to them in
the Indenture.
WHEREAS, the Frontier Oil Corporation (“FOC”), predecessor-in-interest to the Company
entered into an Agreement and Plan of Merger, dated as of February 21, 2011, with the Company, and
North Acquisition, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company
(“Merger Sub”), pursuant to which, effective at 12:01 a.m. MDT on July 1, 2011, Merger Sub
merged with and into FOC, with FOC being the surviving corporation of such merger (the
“Merger”);
WHEREAS, following the Merger, on the date hereof, FOC merged with and into the Company, with
the Company surviving such merger;
WHEREAS, the Company has agreed, pursuant to Section 8.2 of the Indenture, to assume all of
FOC’s indebtedness outstanding under the 8.5% Notes and the Indenture;
WHEREAS, certain Restricted Subsidiaries of the Company have agreed to provide a guarantee (a
“Guarantee”) to comply with Section 10.17 of the Indenture, and Section 9.1(6) of the
Indenture provides that the Company and the Trustee may amend or supplement the Indenture for such
purpose without the consent of the Holders of the 8.5% Notes;
WHEREAS, Frontier Holdings LLC (f/k/a Frontier Holdings Inc.), a Delaware limited liability
company and a Guarantor of the 8.5% Notes, has merged with and into Eagle Consolidation LLC, a
Delaware limited liability company and a Guarantor of the 8.5% Notes by the execution of this Third
Supplemental Indenture (“ECLLC”), all in accordance with Section 14.4 of the Indenture;
WHEREAS, Frontier Oil and Refining Company LLC (f/k/a Frontier Oil and Refining Company), a
Delaware limited liability company and a Guarantor of the 8.5% Notes, has merged with and into
HollyFrontier Refining & Marketing LLC (f/k/a Xxxxx Refining & Marketing LLC), a Delaware limited
liability company and a Guarantor of the 8.5% Notes (“HFRMLLC”) by the execution of this
Third Supplemental Indenture, all in accordance with Section 14.4 of the Indenture; and
WHEREAS, all acts and things prescribed by the Indenture, by law and by the certificate of
incorporation and the bylaws or comparable constituent documents of the Company, of the Guarantors
and of the Trustee necessary to make this Third Supplemental Indenture a valid instrument legally
binding on the Company, the Guarantors and the Trustee, in accordance with its terms, have been
duly done and performed;
NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the
above premises, the Company, the Guarantors and the Trustee covenant and agree for the equal and
proportionate benefit of the respective Holders of the 6 7/8% Notes as follows:
1
ARTICLE 1
Section 1.01. This Third Supplemental Indenture is supplemental to the Indenture and does and
shall be deemed to form a part of, and shall be construed in connection with and as part of, the
Indenture for any and all purposes.
Section 1.02. This Third Supplemental Indenture shall become effective immediately upon its
execution and delivery by each of the Company, the Guarantors and the Trustee.
ARTICLE 2
Section 2.01. From this date, in accordance with Section 8.2 of the Indenture, and by
executing this Third Supplemental Indenture, the Company hereby assumes all of the obligations of
FOC under the 8.5% Notes and the Indenture.
Section 2.02. From this date, in accordance with Section 14.4 of the Indenture, and by
executing this Third Supplemental Indenture and the accompanying notation of Guarantee (a copy of
which is attached hereto), each of ECLLC and HFRMLLC hereby assumes all of the obligations of FHLLC
and FORCLLC, respectively, under the applicable Subsidiary Guaranty.
Section 2.03. From this date, in accordance with Section 10.17 of the Indenture, and by
executing this Third Supplemental Indenture and the accompanying notation of Guarantee (a copy of
which is attached hereto), the Guarantors whose signatures appear below are subject to the
provisions of the Indenture to the extent provided for in Article Fourteen thereunder.
ARTICLE 3
Section 3.01. Except as specifically modified herein, the Indenture and the 8.5% Notes are in
all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in
accordance with their terms.
Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this
Third Supplemental Indenture. This Third Supplemental Indenture is executed and accepted by the
Trustee subject to all of the terms and conditions set forth in the Indenture with the same force
and effect as if those terms and conditions were repeated at length herein and made applicable to
the Trustee with respect hereto. The Trustee makes no representation as to the validity or
sufficiency of this Third Supplemental Indenture and shall not be responsible for or with respect
to any of the recitals or statements contained herein, all of which recitals or statements are made
solely by the Company and the Guarantors.
Section 3.03. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND
ENFORCE THIS THIRD SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
CONFLICT OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.
Section 3.04. The parties may sign any number of copies of this Third Supplemental Indenture.
Each signed copy shall be an original, but all of such executed copies together shall represent the
same agreement.
[SIGNATURE PAGES FOLLOW]
2
IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed, all as of the date first written above.
| Issuer: HOLLYFRONTIER CORPORATION |
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| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President & Chief Executive Officer | |||
| Guarantors: FRONTIER REFINING & MARKETING LLC FRONTIER REFINING LLC FRONTIER EL DORADO REFINING LLC FRONTIER PIPELINE LLC ETHANOL MANAGEMENT COMPANY LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President | |||
BLACK EAGLE LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
EAGLE CONSOLIDATION LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
XXXXX BIOFUELS LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
3
| HOLLYFRONTIER PAYROLL SERVICES, INC., |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX PETROLEUM, INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX REALTY, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
HOLLYFRONTIER REFINING & MARKETING LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX REFINING & MARKETING — TULSA LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX REFINING & MARKETING — XXXXX CROSS LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
4
| XXXXX REFINING COMMUNICATIONS INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX TRANSPORTATION LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX UNEV PIPELINE COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
XXXXX WESTERN ASPHALT COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
|
HOLLYMARKS, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| HRM REALTY, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
5
| LEA REFINING COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO HOLDINGS, INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE CO., L.P. |
||||
| By: | Navajo Pipeline G.P., L.L.C. | |||
| Its General Partner | ||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE GP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE LP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO REFINING COMPANY, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
6
| NAVAJO REFINING GP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO WESTERN ASPHALT COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NK ASPHALT PARTNERS, DBA XXXXX ASPHALT COMPANY |
||||
| XXXXX WESTERN ASPHALT COMPANY, PARTNER |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO WESTERN ASPHALT COMPANY, PARTNER |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| Trustee: XXXXX FARGO BANK, N.A., as Trustee |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | Vice President | |||
7
NOTATION OF SUBSIDIARY GUARANTEE
Each of the Guarantors (which term includes any successor Person in such capacity under the
Indenture), has fully, unconditionally and absolutely guaranteed, to the extent set forth in the
Indenture and subject to the provisions in the Indenture, the due and punctual payment of the
principal of, and premium, if any, and interest on the 8.5% Notes and all other amounts due and
payable under the Indenture and the 8.5% Notes by the Company.
The obligations of the Guarantors to the Holders of 8.5% Notes and to the Trustee pursuant to the
Subsidiary Guarantees and the Indenture are expressly set forth in Article Fourteen of the
Indenture and reference is hereby made to the Indenture for the precise terms of the Subsidiary
Guarantees.
| Guarantors: BLACK EAGLE LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| EAGLE CONSOLIDATION LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX BIOFUELS LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| HOLLYFRONTIER PAYROLL SERVICES, INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX PETROLEUM, INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX REALTY, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| HOLLYFRONTIER REFINING & MARKETING LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX REFINING & MARKETING — TULSA LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX REFINING & MARKETING - XXXXX CROSS LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX REFINING COMMUNICATIONS INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX TRANSPORTATION LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX UNEV PIPELINE COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| XXXXX WESTERN ASPHALT COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| HOLLYMARKS, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| HRM REALTY, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| LEA REFINING COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO HOLDINGS, INC. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE CO., L.P. |
||||
| By: | Navajo Pipeline G.P., L.L.C. Its General Partner |
|||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE GP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO PIPELINE LP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO REFINING COMPANY, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO REFINING GP, L.L.C. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO WESTERN ASPHALT COMPANY |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NK ASPHALT PARTNERS, DBA XXXXX ASPHALT COMPANY |
||||
| XXXXX WESTERN ASPHALT COMPANY, PARTNER |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
| NAVAJO WESTERN ASPHALT COMPANY, PARTNER |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | President and Chief Executive Officer | |||
